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Russian President Vladimir Putin stated that despite the political tensions with the United States, Russia is still coordinating with SpaceX CEO Elon Musk and other American partners on low Earth orbit satellite networks. Putin referred to Musk as a "true genius," emphasizing the importance of ensuring non-interference in orbit.Russia is developing a system similar to "Starlink" called "Rassvet," which is planned to provide commercial services next year and deploy over 900 satellites by 2035.

According to CoinDesk, the Indian cryptocurrency exchange CoinDCX has confirmed a loss of $16 million. The reason is that its fund sweeping process failed to transfer customer deposits from the wallet that was hacked in July 2025.The exchange stated that it will bear this loss itself and claimed that the funds of active users are still safe.

Binance founder CZ recently accepted an interview with Japanese business media PIVOT, discussing his decision to voluntarily go to the United States to plead guilty and pay a hefty fine. He emphasized that this was because he did not want to be a fugitive or evade issues. CZ stated that Binance was only involved in registration-related violations, with no fraud and no victims, and that users have always been well protected. Serving time was an unpleasant experience and a lesson.CZ also mentioned that recently, American banks have committed more serious violations but were only fined $1.2 billion and were not prosecuted. He stated that the world is inherently unfair, but he is no longer entangled in it and wants to focus on moving forward, learning from experiences to do more positive things.

CoinDCX released further clarification regarding the on-chain activities of the TQKJQ wallet, stating that after the security incident in July 2025, the affected wallet addresses have been deactivated, but some users are still depositing funds to the old addresses. The platform's original periodic fund collection process was ineffective for a period of time, and the related issues were discovered this morning, resulting in some operational losses, which will be borne by CoinDCX.CoinDCX stated that despite some users depositing funds to the deactivated addresses, the relevant user accounts have still received the corresponding credits. The platform claims that customer assets continue to be stored in independent cold wallets, and the currently active wallets and user addresses have not been affected, with the platform's trading operations running normally. CoinDCX also reminds users to verify the latest deposit addresses only through the official app or website to avoid transferring funds to deactivated addresses.Previously, on-chain detective ZachXBT had questioned why the deposit address TQKJQ was still in use for about 10 months after the security incident, with approximately $15.8 million of user deposits unaccounted for.

The spokesperson of the Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter from AFP asked whether the U.S. government has requested federal agencies to stop using Chinese artificial intelligence products like DeepSeek, citing concerns about the potential transfer of sensitive data, and inquired about China's comments.Mao Ning stated that China has always opposed the generalization of the concept of national security and the politicization of technological and economic issues, and will firmly safeguard the legitimate rights and interests of Chinese enterprises. Previously, the U.S. government prohibited civilian agencies from using DeepSeek products.

According to Cointelegraph, Protect Progress, an affiliated organization of the Fairshake super PAC closely related to the cryptocurrency industry, has submitted documents to the Federal Election Commission revealing that it has spent $362,000 on advertising to support Democratic incumbent Congresswoman Aisha Wahab in California's 14th congressional district, whose opponent is fellow Democrat Melissa Hernandez.Notably, Wahab defeated Hernandez with over 53% of the vote in the special election on August 18, aimed at filling the vacancy left by Eric Swalwell's resignation, which ends in January 2027. Swalwell resigned in April this year due to sexual assault allegations. Both Wahab and Hernandez were previously rated as "strongly supportive of crypto" in a questionnaire from the digital asset organization Stand With Crypto.Fairshake was established in 2023, primarily funded by Coinbase, Ripple Labs, and Andreessen Horowitz. Since the 2024 U.S. elections, the super PAC has invested tens of millions of dollars to support candidates it identifies as "pro-crypto." Its affiliated organization, Defend American Jobs, has also spent over $6.7 million opposing independent candidate Dan Osborn in the Nebraska Senate election and invested $8 million supporting incumbent Republican Jon Husted in Ohio, with total spending in that election exceeding $46 million.

The Financial Supervisory Service of Korea stated that it will conduct a rapid investigation into unfair trading associated with virtual asset issuance foundations in order to address behaviors that harm market order.Related content was presented in the report on the current status of supervision by the National Assembly's Political Committee, with a plan named "Strengthening User Protection for Digital Assets and Establishing a Sound Trading Order."

According to documents submitted by the Federal Election Commission (FEC) on October 15, the political action committee Fairshake, primarily funded by Coinbase and Ripple Labs, has invested $46.6 million through its affiliated organization Defend American Jobs in the Ohio Senate election for media advertising opposing former Congressman Sherrod Brown's return to the Senate and supporting Republican incumbent Jon Husted. This expenditure is over 50% more than Fairshake's initial plan of $30 million announced in September.In an interview aired on Pod Save America on October 16, Brown responded that he has spent his entire career battling Wall Street, big pharmaceutical companies, and oil giants, achieving success in many cases, while Husted is a spokesperson for these forces, which is why they have invested tens of millions of dollars. In addition to Fairshake, the super PAC Digital Freedom Fund, established by Gemini co-founders Tyler and Cameron Winklevoss, reported approximately $3 million in advertising expenditures this week to oppose Brown and support Husted, bringing the total media spending in the Ohio campaign to over $5.9 million. With less than three weeks until the U.S. elections, early voting in Ohio has been underway for 10 days.Fairshake's spending this round has exceeded $41 million for 2024, when the PAC supported Republican Bernie Moreno and opposed the incumbent Brown. Brown, who previously served as chairman of the Senate Banking Committee, is one of the lawmakers in Congress openly questioning the laws and policies supported by the cryptocurrency industry. Defend American Jobs also reported spending over $6.7 million in the Nebraska Senate election opposing independent candidate Dan Osborn, whose opponent, Republican Pete Ricketts, voted in favor of the Digital Asset Market Structure Act and legislation related to stablecoins. Fairshake stated in January of this year that it held $193 million in cash before the election.

According to a report by Bloomberg cited by Phoenix Technology, Meta CEO Mark Zuckerberg stated in the podcast "Cheeky Pint" aired on Monday that the company had to commit to investing about $100 billion or $200 billion in infrastructure last year when it was still unclear whether AI products could succeed. He said, "We can't be sure either."Zuckerberg recalled that he had asked Chief AI Officer Alexandr Wang if he was certain of success. Wang stated that aside from "intuitive judgment," there was no guarantee of success, and at that time it was "completely uncertain." Chief Financial Officer Susan Li repeatedly warned that the cost of failure would be extremely high, and Zuckerberg told Wang, "I think Susan scared you quite a bit."On Monday, Meta released a new AI model, claiming a significant leap in performance and possessing "cutting-edge capabilities." Management stated that it could compete with ChatGPT and Claude in programming and financial and legal issues. Meta also launched a personalized intelligent agent called Muse for shopping, ticket booking, and appointments. Zuckerberg mentioned that he was uncertain about consumer reactions and expected further iterations. Meta will announce its third-quarter financial report after the U.S. stock market closes on October 21. Last quarter, free cash flow fell to its lowest level in years, and the stock price dropped by 8%, but as of Monday's close, it has risen over 12% this year.

U.S. President Trump stated that we will soon make a decision regarding Iran, which is truly a failed state. The actions of the Houthis are very bad, and I have spoken with the Saudi Crown Prince; I may ask Turkey to participate in actions against the Houthis in Yemen.

With only 22 days left until the U.S. midterm elections, Fairshake, aligned with the stance of the U.S. cryptocurrency industry, and its affiliated Political Action Committee (PAC) have ramped up advertising to support their identified "crypto-friendly" candidates. According to documents disclosed by the Federal Election Commission (FEC) on Saturday, the PACs Defend American Jobs and Protect Progress have collectively spent $2.7 million on media and direct mail production to support Democratic and Republican candidates running for the U.S. House of Representatives in 2026. Fairshake's funding primarily comes from donations from investment bank Cantor Fitzgerald, cryptocurrency exchange Coinbase, and Ripple Labs.Specific expenditures include: over $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Congressman Pete Aguilar, and $500,000 for New Jersey Congressman Josh Gottheimer. A few days earlier, Fairshake announced it would additionally support 32 House candidates in 2026, with 6 of them each receiving $1 million in media support.

Bitwise CEO Hunter Horsley stated in an interview with The Block at the Digital Asset Summit 2026 Asia that the failure of the Bitwise spot Dogecoin ETF is "tragic," highlighting the "difference" between the users served by spot ETFs and those served by crypto brokerage applications. The Bitwise Dogecoin ETF (BWOW) was listed on the New York Stock Exchange in November 2025 and is set to close less than a year after its launch, with trading halting after October 14. According to SoSoValue data, as of October 7, the fund managed approximately $725,900 in assets, with a trading volume of $51,500 in September.Horsley expressed that he likes and holds Dogecoin, believing that it is historically a useless token but represents something and is a reasonable asset; however, it has shown no progress as an ETF. He thinks ETF users do not want to invest money in Dogecoin, but this may change over time; he denied that Bitwise targeted the wrong audience and described crypto ETFs as a channel. In contrast, he is more confident about the success of the Bitwise Solana Staking ETF (BSOL), stating that its pioneering staking feature contributed to its success, but the $1.3 billion in net assets ultimately reflects a bet on Solana.AI is currently one of Bitwise's focuses. Horsley stated that crypto and AI originate from the same source, with the former reconstructing financial services as software and the latter enabling machines to perform tasks previously done by humans;

According to CoinDesk, Bitcoin is facing selling pressure, marking the third time since September 23 that it has been blocked near $87,000. FxPro analyst Alex Kuptsikevich stated that since the beginning of last week, BTC has formed a trend of "gradually higher local lows," but bulls have not yet gained sufficient upward momentum.The current price is approaching the apex of a triangle formed by horizontal resistance and an ascending support line. If this pattern is broken, the market may experience greater volatility. The total market capitalization of the cryptocurrency market has fallen back to about $2.93 trillion. Meanwhile, U.S. stocks have performed strongly, with the Nasdaq 100 index reaching a new closing high and the S&P 500 index less than 0.5% away from its historical peak. However, U.S. Treasury yields continue to rise, with the 10-year Treasury yield climbing to 5.32%, close to its highest level since 2002.Market observers believe that for BTC to break through $87,000, sufficient buying pressure is needed to absorb the selling pressure that continues to appear around this price level. Once it stabilizes at this level, it may further open up space for movement towards an 8-month high.

The cryptocurrency industry's main political action committee Fairshake has announced a new list of endorsements, supporting 32 current members of the U.S. House of Representatives in the November elections, including 13 Democrats and 19 Republicans. According to Fairshake spokesperson Geoff Vetter, six of them will each receive $1 million in support from Fairshake and its affiliated organizations. Vetter stated that Fairshake supports pro-crypto candidates from both parties who advocate for American innovation.The three Republicans receiving significant support are House Financial Services Committee Chairman French Hill, senior committee member Bill Huizenga, and Bryan Steil, who also serves as chairman of the Digital Assets Subcommittee. On the Democratic side, Nevada Representative Steven Horsford and California Representative Derek Tran received higher support, both earning an A rating in the digital asset issue assessment from Stand With Crypto, along with Oregon Representative Janelle Bynum. Bynum defeated Republican Lori Chavez-DeRemer two years ago to win her seat, the latter having previously served as Labor Secretary under the Trump administration.These members largely come from the House fundraising committee and the key Financial Services Committee, which will handle cryptocurrency tax issues. Vetter noted that Fairshake has supported 53 winners in 57 primary campaigns, aiming to create the largest pro-crypto caucus in American history.

According to The Block, BitGo CEO Mike Belshe warned that the failure of the Clarity Act poses systemic risks to the U.S. market, as the same company simultaneously holds exchange, brokerage, and custody businesses.He stated that this structure presents risks that even Lehman Brothers did not face: a brokerage can go bankrupt, but if the exchange holding the custody assets goes bankrupt, it could collapse the entire market.

According to Bitcoin Magazine, Bitwise's André Dragosch stated that the fair value of Bitcoin is $197,000. He also provided a rule of thumb for assessing the risk of 10-year U.S. Treasury yield: when the yield rises by 80 basis points within 20 trading days, the market will enter a danger zone.Dragosch pointed out that the speed of the yield increase is more important than its absolute level. He believes that once the stock market experiences a correction, it may force the Federal Reserve to shift to an easing policy, and this shift could become the last domino before Bitcoin truly enters a bull market.

SpaceX's new generation spacecraft "Starship" experienced an engine failure during its 14th unmanned test flight, which may impact NASA's timeline for crewed lunar landing missions. Starship is one of the two spacecraft selected by NASA for its bid, with plans to carry out crewed lunar missions in 2028.Although multiple objectives were achieved during the test mission launched in Texas, a propulsion system failure led to an early termination of the mission.

According to Bloomberg, informed sources say that contracts betting on the collapse of institutions such as Wells Fargo, JPMorgan Chase, and Bank of America on the prediction market platform Polymarket have raised concerns among FDIC officials and members of Congress. Some individuals worry that the expansion of such contracts could fuel real-world bank runs.After internal discussions, the FDIC believes that the current ethical guidelines are sufficient to prohibit insiders from participating in trading. Currently, the trading volume of these contracts is relatively small, with recent bets on bank collapses before the end of the year amounting to approximately $76,000.

Crypto In America host Eleanor Terrett posted on X that after the failure of the Clarity Act, the crypto industry's super political action committee Fairshake is preparing to make its largest expenditure this year, investing $30 million to oppose Sherrod Brown's re-election campaign for senator.If Brown successfully returns to the Senate, he may regain his qualifications and serve as the chairman or a senior member of the Senate Banking Committee. This news was first reported by The New York Times and confirmed to Eleanor Terrett by a Fairshake spokesperson.